LinkedIn 2012 Annual Report Download - page 87

Download and view the complete annual report

Please find page 87 of the 2012 LinkedIn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 110

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

5. Property and Equipment
The following table presents the detail of property and equipment, net, for the periods presented (in
thousands):
December 31,
2012 2011
Computer equipment ................................ $199,022 $125,955
Software ......................................... 26,901 21,614
Capitalized website and internal-use software .............. 40,971 24,531
Furniture and fixtures ............................... 17,087 8,028
Leasehold improvements ............................. 44,362 12,124
Total .......................................... 328,343 192,252
Less accumulated depreciation ......................... (141,666) (77,402)
Property and equipment, net .......................... $186,677 $114,850
6. Goodwill and Other Intangible Assets
Goodwill
Goodwill is generally not deductible for tax purposes. The following table presents the goodwill
activity for the periods presented (in thousands):
Goodwill—December 31, 2011 .................................. $ 12,249
2012 acquisitions .......................................... 102,965
Goodwill—December 31, 2012 .................................. $115,214
Other Intangible Assets
The following table presents the detail of other intangible assets for the periods presented (dollars in
thousands):
Weighted-
Gross Net Average
Carrying Accumulated Carrying Remaining
Amount Amortization Amount Life
December 31, 2012:
Developed technology .......................... $30,952 $ (7,676) $23,276 3.2 years
Trade name .................................. 4,300 (836) 3,464 2.4 years
Patents ..................................... 4,025 (750) 3,275 13.5 years
Non-compete agreements ........................ 2,661 (1,717) 944 1.1 years
Customer relationships .......................... 1,200 (140) 1,060 4.4 years
Other intangible assets .......................... 4,176 (3,415) 761 2.4 years
Total ..................................... $47,314 $(14,534) $32,780 4.1 years
December 31, 2011:
Developed technology .......................... $ 6,638 $ (1,692) $ 4,946 4.3 years
Non-compete agreements ........................ 2,230 (564) 1,666 1.7 years
Other intangible assets .......................... 3,887 (2,664) 1,223 0.8 years
IPR&D ..................................... 260 — 260 Indefinite
Total ..................................... $13,015 $ (4,920) $ 8,095 3.2 years
85